Inventory Accountant

Founded in 1918, Kearfott Corporation, a global Aerospace and Defense supplier for over 100 years, is a leader in the design and manufacture of precision motion control products and inertial navigation components. Kearfott has a very long history of innovation and excellence and is the go-to brand for many of our global clients. Kearfott is trusted, respected, and plays a vital role in the success of America’s aerospace and defense industries. With over a century of expertise & experience, Kearfott is dedicated to providing quality, reliability, and cutting-edge technology to customers worldwide to meet their sea, land, air, and space navigation and guidance requirements.

 

We are looking for talented individuals who want to be part of a world-class workforce. Join Kearfott and become part of a company that is recognized for technical expertise and respected worldwide as a ‘full service’ provider.

 

For more information, visit our website at www.kearfott.com

 

 

Inventory Accountant

 

Position Summary

 

The Inventory Accountant is responsible for the administration, control, compliance, and accountability of Government Property in accordance with Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), contractual requirements, and company policies. This role ensures proper stewardship of Government-owned, Government-furnished, and contractor-acquired property throughout its lifecycle within an aerospace and defense contracting environment.  In addition, this person will ensure proper accounting and records of company owned inventory and capital assets.

The position supports program operations, audits, contract execution, and compliance initiatives while coordinating across supply chain, contracts, engineering, manufacturing, quality, finance, and government customers.

 

 

Key Responsibilities

 

Government Property Management

• Administer and maintain a compliant Government Property Management System in accordance with:
• FAR Part 45
• FAR 52.245-1 Government Property
• DFARS 252.245 series
• Agency-specific and Customer requirements (DCMA, DOD, NASA, etc.)
• Manage Government-Furnished Property (GFP), Contractor-Acquired Property (CAP), and sensitive/classified equipment.
• Ensure accurate identification, tracking, tagging, utilization, movement, storage, maintenance, and disposition of government assets.
• Maintain complete asset lifecycle records from acquisition through final disposition.

Compliance & Audit Support

• Prepare for and support DCMA Property Management System Analyses (PMSA), CPSRs, DCAA audits, and customer reviews.
• Conduct internal self-assessments and compliance reviews to ensure adherence to FAR/DFARS requirements.
• Develop corrective action plans and implement process improvements for audit findings.
• Maintain documentation and records supporting contractual and regulatory compliance.

 

Property Accountability & Reporting

• Maintain property records
• Reconcile inventories and investigate discrepancies, loss, damage, or destruction (LDD) incidents.
• Prepare required reports including:
• Property closeout documentation
• DD Forms and government reporting requirements
• Coordinate physical inventories and cyclical audits.

Contract & Program Support

• Review government contracts and subcontracts for property clauses and compliance obligations.
• Collaborate with Contracts and Program Management to ensure proper property flow-down requirements to subcontractors.
• Support proposal development related to property management plans and estimating.
• Advise program teams on property requirements and risk mitigation strategies.

Process Improvement & Training

• Develop and maintain policies, procedures, and work instructions for Government Property Management.
• Recommend and implement continuous improvement initiatives to enhance compliance and operational efficiency.

 

Company Owned Assets

• Maintain accurate inventory accounting records and perform routine reconciliations of inventory-related general ledger accounts
• Analyze inventory transactions including receipts, issues, transfers, adjustments, and cycle count results
• Support month-end and year-end closing activities related to inventory and cost accounting
• Assist in maintaining standard costs, overhead allocati